19. All nominal accounts have been adjusted and Jordan Pinen Ordan, Pipen and Kerr are partners with capital balances of $75,000, $126,00 $61,500, respectively on lanuary 26 2019. All nominal accounts have Tosed as of January 26, 2019. The partnerschare profits and losses according to the following percentages: 35% for Jordan 4 no percentages: 35% for lordan 400 for Pinen and 25% for Kerr. On January 26, 2019, Rodman is to join the partnershin non contributing $67.500 in cash and some equipment with a book value of $14.500 and a fair value of $16.500 to the partnership, in exchange for a 20% interest in capital and a 200% interest in profits and losses. The existing assets of the original partnership are undervalued by $42.600, of which $31,500 relates to land and $11,100 relates to inventory. If necessary, the partnership will recognize goodwill. The original partners will share the balance of profits and losses in proportion to their original percentages. REQUIRED: Prepare the journal entries necessary to record the above events. February 21, 2019, the partnership suffered a hurricane loss of $180,000. The partnership insurance policy includes a 15% deductible. How must of this loss should be absorbed by each partner